Techwire


Live Oak Bank Surpasses $500 Million in Renewable Energy Loans

WILMINGTON, N.C., June 14, 2018 (GLOBE NEWSWIRE) — Live Oak Bank has reached a milestone in closing over 100 renewable energy loans in just a year and a half, providing more than $500 million in financing to renewable energy project developers nationwide. Live Oak is the largest USDA Rural Energy for America (REAP) lender in the nation […]

Mitek and Signicat partner to improve digital customer on-boarding for financial institutions

Joint offering additionally helps customers to comply with PSD2, AMLD5 and eIDAS regulations SAN DIEGO and TRONDHEIM, Norway, June 04, 2018 (GLOBE NEWSWIRE) — Mitek (NASDAQ:MITK) a global leader in digital identity verification software solutions, and Signicat, the world’s leading trusted digital identity provider, today announced a partnership to improve the digital customer on-boarding process […]

Live Oak Bank Surpasses $100 Million in Insurance Loans

WILMINGTON, N.C., May 31, 2018 (GLOBE NEWSWIRE) — Live Oak Bank has reached a milestone in closing more than $100 million in financing to the insurance industry nationwide including retail agents, managing general agencies, and third-party administrators. Live Oak is one of the top insurance lenders in the country, according to data from the Small Business Administration, […]

Corvil Wins Best Time Synchronisation Solution at A-Team Group’s RegTech Awards 2018

Corvil’s UTC Traceability solution for MiFID and CAT compliance recognized for its innovation and value in accelerating customer compliance with emerging regulations Corvil Wins Best Time Synchronisation Solution at A-Team Group’s RegTech Awards 2018 – Corvil’s UTC Traceability solution for MiFID and CAT compliance recognized for its innovation and value in accelerating customer compliance with […]

Black Knight Enables Digital Loan Data and Document Fulfillment with Lender Price, Expands Collaboration Via Agnostic APIs

LoanSphere Expedite enables electronic signature and document fulfillment capabilities for Lender Price’s Point of Sale Digital Lending solution Black Knight’s open API expansion allows for simplified loan solutions for digital mortgage POS providers Expedite APIs enable consistency of loan-related data and documents throughout the loan process Black Knight’s centralized digital API marketplace fosters innovation in […]

Tech CU Wins CUNA Diamond and Communitas Awards

Honored for its TV and Radio Ads, Community Service and Corporate Social Responsibility SAN JOSE, Calif., March 29, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that its advertising has won the company two CUNA Diamond Awards in the categories of commercial video and radio ads. Additionally, the company won its first […]

Microsoft and BankSight Collaborate with Judo Capital to Deliver Innovative Small Business Lending Platform

Launch of Australia’s first true challenger bank, purpose-built to become a trusted ally and partner to Australia’s small and medium-sized businesses SAN FRANCISCO, March 27, 2018 (GLOBE NEWSWIRE) — Judo Capital is founded on the belief that the financing skills needed by the SME (small and medium-sized enterprise) community have been lost to increasingly centralized […]

Franklin Templeton Acquires Data Science Investment Firm Random Forest Capital

Marketplace Lending Expertise to Complement Franklin Templeton Fixed Income Group Capabilities SAN MATEO, Calif., March 20, 2018 (GLOBE NEWSWIRE) — Franklin Resources, Inc. (NYSE:BEN), which operates as Franklin Templeton Investments, today announced the acquisition of Random Forest Capital, LLC (“Random Forest”), an investment firm with expertise in data science and non-bank marketplace lending. Following the […]

No Borders, Inc. (OTC: NBDR) Successfully Finalizes Reverse Merger with Lannister Holdings, Inc.

PHOENIX, AZ, March 19, 2018 (GLOBE NEWSWIRE) — No Borders, Inc. (the “Company”), announces that it has completed a reverse merger (the “Transaction”) under which Lannister Holdings, Inc. became a wholly owned subsidiary of No Borders, Inc. (OTC-NBDR).  The Transaction closed on March 8, 2018. The Company’s common shares trade on the OTC Markets under […]

FORMER NYMEX PRESIDENT TO LAUNCH WORLD’S FIRST DIGITAL ASSET EXCHANGE FOR HIGH-FREQUENCY TRADING

Institutional Level Volume, Speed and Security With An Integrated Digital Asset Bank & Trust Boca Raton, Florida, March 13, 2018 (GLOBE NEWSWIRE) — Today, at the Futures Industry Association Conference in Boca Raton, Florida, J. Robert Collins Jr., former President of the New York Mercantile Exchange, and a founder of the Dubai Mercantile Exchange, announced […]

Tech CU’s Jeannine Boettcher Wins YWCA Silicon Valley Tribute to Women Award

Company Also Wins Three AVA Digital Awards SAN JOSE, Calif., March 07, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that its vice president of human resources, Jeannine Boettcher, has won the YWCA Tribute to Women Award. Additionally, Tech CU was honored with three AVA Digital awards for the company’s digital ads, […]

Open Source Strategy Forum Announces 2018 Event in London and Opens Call for Papers

Gabriele Columbro Executive Director, Symphony Software Foundation Jim Jagielski Co-Founder and Vice Chairman, Apache Software Foundation PALO ALTO, Calif., March 06, 2018 (GLOBE NEWSWIRE) — Symphony Software Foundation (the Foundation), the nonprofit organization fostering open source software innovation in financial services, will be hosting its second Open Source Strategy Forum on November 14, 2018. Following […]

Future of Digital Banking Report 2018 with Profiles of Players Across Internet & Mobile Banking, Cloud, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data and Security Service Providers

Dublin, Feb. 28, 2018 (GLOBE NEWSWIRE) — The “Future of Digital Banking” report has been added to ResearchAndMarkets.com’s offering. The report includes a detailed analysis of the market, the opportunities in digital banking, the ecosystems and emerging models and a brief profile of players across internet & mobile banking, cloud service, mobile wallet, payment gateway, […]

Volante Technologies supports SWIFT Standards Release 201

Immediate support ensures Volante clients can avoid the non-compliance challenges of mandated standards change in cross border payments and trade finance New York, NY, Feb. 26, 2018 (GLOBE NEWSWIRE) — NEW YORK, LONDON, DUBAI, MEXICO CITY, 26 February 2018 – Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments […]

Global Banking Recovery Stalls, as Risk and Regulatory Costs Bite

Bank Value Creation Weakens Worldwide, Eroded by Rising Risk, Regulation, and Compliance Costs, and Heavy Penalties; Four Initiatives Are Critical for Risk Management Agenda, Says Report by The Boston Consulting Group Financial Penalties on Banks for Noncompliance Rose Financial Penalties on Banks for Noncompliance Rose NEW YORK, Feb. 22, 2018 (GLOBE NEWSWIRE) — A decade […]

Confluence and ICE Data Services to Help Firms Meet SEC Modernization Reporting Requirements

Pittsburgh, PA, Feb. 20, 2018 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced an agreement with ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE), to help asset managers meet their compliance obligations with respect to SEC Modernization and other regulatory […]

Tech CU Provides $23 Million Construction Loan to W.L. Butler, Inc. to Develop a new Apartment Project Overlooking San Mateo’s Central Park

SAN JOSE, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that it is providing a $23 million construction loan to W.L. Butler, Inc. The loan will fund the development of a 60-unit apartment building overlooking Central Park in San Mateo. “We are thrilled to be able offer this financing […]

3D Innovations (3di) Reaches Impressive Milestone in Licensing Cost Avoidance on Behalf of Clients

LONDON, UNITED KINGDOM and NEW YORK, NY–(Marketwired – February 14, 2018) – 3d innovations, a data management software and services firm, today announced that in collaborating with financial institutions on data governance initiatives, the firm has reached an impressive figure of over USD one billion in cost avoidance. 3di have arrived at this positive checkpoint […]

Pilatus Bank Chairman Discusses Whether FinTech is the ultimate solution to our everyday banking needs

Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Feb. 05, 2018 (GLOBE NEWSWIRE) — We are living amid a constantly evolving digital landscape. FinTech startups and challenger banks are continuously launching new advanced digital products on the market. Consumers, being blown away by flashy technologies, demand for their banks to reinvent themselves […]

Northrim BanCorp Earns $13.2 million, or $1.88 per Diluted Share, in 2017 Gain from Sale of Subsidiary, Revaluation of Deferred Tax Assets, and Other Non-Operating Items Impact Profits

ANCHORAGE, Ala., Jan. 29, 2018 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported profits for both the fourth quarter and full year in 2017. Net income attributable to the Company (“net income”) was $13.2 million, or $1.88 per diluted share, in 2017, compared to $14.4 million, or $2.06 per diluted […]

Pilatus Bank COO addresses the challenges banks face in their quest for digital transformation

Pilatus Bank Chief Operating Officer Luis Felipe Rivera Pilatus Bank Chief Operating Officer Luis Felipe Rivera LONDON, Jan. 11, 2018 (GLOBE NEWSWIRE) — The reality is that fintech startups and challenger banks are threatening to make a major dent in the banking industry as a result of the emergence of digital technology. As an endless […]

SALT’s Lending Platform to Allow WAX Tokens as Collateral for Loans

DENVER, Dec. 20, 2017 (GLOBE NEWSWIRE) — Following its successful token generation event, WAX today announced it will use blockchain-backed loan platform SALT to allow token holders to use WAX as collateral for cash loans.  WAX token holders will be able to keep their cryptocurrency assets, including gaming skins and crypto collectibles, while accessing cash […]

Chairman of Pilatus Bank gives a sobering speech concerning customer trust in the banking and fintech industries at Wealth 2.0 conference

Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Dec. 20, 2017 (GLOBE NEWSWIRE) — In banking and fintech, the most important commodity is “trust.” Ali Sadr, Chairman of Pilatus Bank, believes that it is important to recognize where the banking industry stands relative to other industries on the trust scale. The automotive […]

Confluence Predicts RegTech Will Make Way for “DataTech” Movement in Fund Services Operations in 2018

As regulatory uncertainty continues and SEC Modernization becomes reality, Confluence predicts broader data-centricity in business operations and the adoption of data analytics in fund compliance and governance Pittsburgh, PA and London, Dec. 18, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced a […]

Confluence Wins “Best Use of the Agile Methodology” at 2017 American Financial Technical Awards

Pittsburgh, PA, Dec. 12, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, has been awarded “Best Use of the Agile Methodology” at the 2017 American Financial Technical Awards (AFTAs), hosted by Waters magazine and WatersTechnology.com. This marks the second year in a row that […]

Tech CU Named One of Silicon Valley’s Most Philanthropic Companies for the Third Consecutive Year; Launches Holiday Campaign to Benefit Family Giving Tree

SAN JOSE, Calif., Dec. 08, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) today announced that it was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, an honor the company has received for the past three years. Additionally, this holiday season, Tech CU announced it will be working closely […]

Confluence Appoints Bill Kinnard as Vice President of Client Experience

Seasoned Asset Management Fintech Leader to Focus on Client Servicing Pittsburgh, Nov. 28, 2017 (GLOBE NEWSWIRE) — Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting, today announced the appointment of William “Bill” Kinnard as Vice President of Client Experience. Kinnard has over 18 years of experience in leading […]

Pilatus Bank advises a fintech strategy can be as much of a challenge as an opportunity for the majority of banks

Pilatus Bank COO Luis Rivera Pilatus Bank COO Luis Rivera We are living in a constantly evolving digital landscape says Pilatus Bank. Fintech startups and challenger banks are continuously launching innovative and advanced digital products on the market. Consumers experience instant gratification with immediate access to the latest technologies via their always-on mobile phones, Wi-Fi-connected […]

Future of Digital Banking Markets Report 2017: Across Internet & Mobile Banking, Cloud Service, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data & Security Service Providers

Dublin, Nov. 20, 2017 (GLOBE NEWSWIRE) — The “Future of Digital Banking” report has been added to Research and Markets’ offering. This report on the Future of Digital Banking’ offers banks looking to invest in their digital banking initiatives, and fintech companies looking to address this market, a single source of information and objective assessments […]

Built Technologies Raises $21 Million Series A to Transform Construction Lending Industry

Funding led by Index Ventures will enable construction lending innovator to capitalize on accelerated growth, deepen team, and bolster investments in data utilization for industry NASHVILLE, Tenn., Nov. 15, 2017 (GLOBE NEWSWIRE) — Built, the Nashville, TN based technology company bringing construction lending into the digital age, today reached a pivotal point in the company’s […]

Volante Technologies and open banking experts Open Vector announce partnership

Bringing a much needed, rapidly implementable end-to-end open banking solution to clients across the globe NEW YORK, NY and LONDON, UNITED KINGDOM and DUBAI, UNITED ARAB EMIRATES and MEXICO CITY, MEXICO–(Marketwired – November 15, 2017) – Volante Technologies Inc.,a global provider of software for the integration, processing and orchestration of payments and financial messages on […]

Confluence Asset Management Survey: 83% Predict Fundamental Change To Their Operating Models in the Next 24 Months

• Regulatory requirements and technology innovation seen as driving back-office transformation • Results also find growing urgency to centralize data and automate processes Pittsburgh, PA, Nov. 14, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today released the results of its 2017 Asset Management […]

Tech CU Wins Credit Union Journal Best Practices and MarCom Awards for the Third Consecutive Year

Family Banking Product, In-House Credit Card Program and Annual Report Recognized in 2017 SAN JOSE, Calif., Oct. 26, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) today announced that it has won two Credit Union Journal Best Practices Awards for its Family Banking product and in-house credit card program. Tech CU also won a Gold […]

Xenith Bankshares, Inc. Reports Third Quarter and Year-to-Date 2017 Results

RICHMOND, Va., Oct. 25, 2017 (GLOBE NEWSWIRE) — Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, announced financial results for the three and nine months ended September 30, 2017. The company reported net income of $7.158 million, or $0.30 per diluted share, for the third quarter of 2017. Results for the third quarter of […]

Jumio Records Largest Sales Quarter to Date, Extends its Leadership in Financial Services to the Bitcoin and ICO Markets

Demand for bitcoin is triggering the top cryptocurrency exchanges and ICO issuers to leverage Jumio’s Netverify to increase investor trust, improve credibility, and comply with emerging compliance directives PALO ALTO, CA–(Marketwired – Oct 23, 2017) – Jumio Corporation today announced that Q3 sales increased 411 percent year-over-year as a result of increased sales in the […]

Too-big-to-fail banks need to revisit their fintech strategy as it might pose a systemic risk, explains the Chairman of Pilatus Bank

LONDON, Oct. 19, 2017 (GLOBE NEWSWIRE) — The global economic system has long been affected by financial institutions being so large and interconnected that their failure could bring about an enormous financial crisis. Ali Sadr, Chairman of Pilatus Bank, believes that this has led to a complacency that potentially could impose a systemic risk on […]

PhillipCapital is a New Customer of Validus

AUSTIN, Texas, Oct. 18, 2017 (GLOBE NEWSWIRE) — Eventus Systems, Inc. (“Eventus”), a provider of innovative regtech software solutions, announced that Phillip Capital Inc. (“PhillipCapital”) is a client of its Validus risk and surveillance platform.  Validus provides a centralized view of trading, operations, surveillance, compliance and risk management information for a wide range of financial […]

Banks, Under Pressure, Must Act to Protect Customer Relationships in Payments

As Diverse Digital Competitors Vie for Parts of the Payments Ecosystem, Incumbents Must Deepen Ties to Customers to Remain Dominant Players, Says Report by The Boston Consulting Group BOSTON, Oct. 16, 2017 (GLOBE NEWSWIRE) — Facing growing incursion from a diverse group of rivals—including digital giants, fintechs, device manufacturers, and retailers—banks need to reinvent their […]